Nifty:
Nifty
Outlook
Market saw
a sideways movement for the week. Traders managed to take a sigh of relief
in between of geopolitical tension between North Korea-USA and India-China.
Taking a good support of 9700 Nifty Index traded in 200 points range i.e.
showed the numbers between 9900 to 9700. In start of the week a positive
movement was seen, while in later half of the week a correction. Sikka’s
exit from Infosys was the news which affected the stock and traders while
it also impacted the Nifty number of last trading sessions.
Bank Nifty:
Bank
Nifty Outlook
After
the last week’s correction in Bank Nifty, Index traded sideways, A major
support of 23900 was seen from start of the week. Index managed a bit of
gain in start the week but later bears dominated the bulls. Index
sustaining above the 50-day moving average, closed around 24000. With
Index, banking stocks too traded sideways for the week.
Technical Outlook
Missed
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Monday, 21 August 2017
Daily Nifty News Letter
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